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Search Results 0 to 25 of about 26 (some duplicates have been removed)
plunging into the level of debt and deficit spending that has been taking place here over the past several years. eventually we're going to reach that tipping point. when we reach that tip point, investors and consumer lose conference. and when that happens, interest rates right. and when interest rates rise, it impacts our economy in a very significantly negative way. all we have to do is look across the atlantic at europe and what's happening there to get a glimpse of the crisis that can come from not dealing with ever-increasing debt and not taking steps necessary over a period of time to put your country on a fiscal path to health. now, i think most of us know here that we have to make some tough choices and it's going to require political will in order for us to address this. we've been avoiding this for years. expoo we're going to face a debt-induced catastrophe if we don't address it and drean addrt soon. so when you're faced with this kind of fiscal mess, what do you do? well, what families and pise businesses all across america have had to do when they face these types of situatio
for two minutes. ms. castor: democrats and republicans agree that deficit reduction is important. in fact, over the past year and a half we have achieved over $2.7 trillion in debt reduction. now the republicans want to take us through a charade with this tea party budget. if enacted, the republican budget would weaken america's recovery. it would undermine what makes america great and what makes america strong. like education, the ability of students to attend college, medical research and inthe noah vation, the about of -- ability of our older neighbors to live their lives in dignity in their retirement years through medicare and long-term care. now we get a lot of advice and economists across the board, in fact, our own congressional budget office, advise that the best and fastest way to reduce the deficit to is to make sure people across america have jobs and are working. it is inexplicable that the republican budget proposes to eliminate jobs in construction, in education, scientific research, and instead heaps the burden on middle class families. experts predict the republican budge
differences. let's take a look at them. the gop plan would cut the deficit $4.6 trillion over ten years, all through spending cuts. the democratic plan would cut the deficit $1.8 trillion half through spending cuts and half through tax hikes. senator corker, let me start with you will senate republicans accept a tax increase if you get serious entitlement reform and cuts? >> i think senate republicans and all republicans want to see a 75 year solution to entitlements and i think republicans are joined in wanting to see tax reform so to the extent that generates revenues and how that is scored obviously that will be debated as we move ahead but i think all of us understand the real issues driving the deficit is in our o country are the entitlements. we want to see these available for generations to come. >> chris: but real quickly you you understand the price for entitlement reform in any deal would be a tax increase. would you buy that and what do you think are the prospects there willle be a deal sometime before this summer? >> well, again, i think there by the way is a chance on a deal. i
reduce unemployment to nearly five -- two near 5% and three years. it would reduce the deficit by $4.4 trillion over 10 years. and it would strengthen medicare and medicaid amah and you'd be asking the wealthy to pay their fair share. -- medicare and medicaid and you would be asking the wealthy to pay their fair share. guest: the institute of policy analysis estimated that you are spending money on infrastructure. we have a to point to dollar trillion infrastructure deficit, according to the transportation -- american society of civil engineers. building roads, highways, bridges, etc. you put people to work building schools and other necessary things. you give money to the states. the states have laid off 700,000 cops, firefighters, and teachers. you give money to states for couple years to rehire them. those kinds of things add up. by doing all this, you stimulate the economy. that means the private sector generates more jobs. it comes to about 7 million altogether. host: what do you consider fair share when it comes to wealthy taxpayers? guest: we propose two different things. numb
and millions of americans who say that the economy is the main issue. second to the economy is the deficit. it goats back to the fundamental issue of moderation. this is the achilles' heel for the republican party. everything is just black and white. whereas most folks, most americans in the middle believe in moderation. whether we do our own taxes or finances, we sit down and figure out, how do we cut a little here, save alternates there, increase revenue? so the problem with the republican party is they're out of step how most of us work on a day-to-day basis. that's something that the president has been so good at reflecting in his bigger vision of deficit reduction and the economy as a bigger issue. >>> clarence, you still here boehner say no new ref, though the american people are saying new revenue. they're saying we don't have an immediate crisis, but we need immediate cuts. why are we cutting head start and other things immediately if there's no immediate problem. a new republican leaning poll, a republican-leaning poll says just 16% of americans said the deficit and the debt with
that the republicans are a little bit too root canal, a little bit too debt-obsessed, a little bit too deficit-obsessed and don't talk about the economy and jobs, which polls still show are the number-one issue. >> yeah, they've got to go back to reagan and jack kemp to stop acting like consequence at this pated accountants and get focused on what makes this economy grow. and the way you get revenues, not by raising taxes, by growth. if we had normal growth rates, we would get another 4 or 500 billion right off the bat. that's what they should focus on. all a means to an end. on social security, stop coming across that you're going to, you know, do something to grandma and instead talk about the idea, which they haven't, they don't touch it, of having accounts for young people with proper controls where they own the fruits of their labor, not washington politicians. make it positive instead of this -- as you say, root canal, that was more graphic. >> i think that -- i don't want to get -- i want to talk about the corporate tax, but i want to add to this, i think in a sense obama was right. and
for that, because we had the great recession, and we needed to engage in some deficit spending to offset that demand contraction. historically the debt goes up in periods like this. in world war ii, it breached 100%, then a few years later it was 50%. the debt is expected to start coming down within a few years. over the long term, there are real pressures on the debt through health care costs. that's what i would tell mr. penny. >> excellent. that's very helpful. josh, the president last week was secured on the right for suggesting there was no dead crisis in american. later in the week this is what speaker boehner and paul ryan had to say. take a listen. >> is he right, that we don't have an immediate crisis. >> we do not have an immediate debt crisis. >> we do not have a debt crisis right now, but we see it's coming. it's irrefutably happening. >> what are they doing by repeatedly fanning into flame the notion of a debt crisis, when they themselves when asked directly say exactly what jared said. in the immediate short term, it is not a pressing issue. >> it's because it's instrumenta
the reason why there isn't any wiggle room, because one, cutting the deficit, democrats propose cutting it $1.85 trillion, half through spending cuts and half through tax hikes. the republican plan, paul ryan plan, would cut the deficit $4.6 trillion in ten years and includes repealing obamacare. the hope going through the legislative process they might be able to find compromise to strike some sort of deal. >> we need to put americans back to work. that's our first priority. deficit reduction i would put as the second priority and one that is coupled with economic growth the so i think we can do both. make sure we have deficit reduction but don't cut too much too fast. >> reporter: bottom line, bill, american people are seeing this over and over again. republicans and democrats fighting on both sides of the aisle and perhaps, they can come together for a grand bargain but just doesn't appear to be the case right now. as they grapple with the budget, keep in mind that two weeks away they have to come up with a continuing resolution by march 27. bill: as ryan says, at least there is baseline f
as this president's-- as this president tells us we don't have a deficit problem. >> greta: i don't get in. the pr, look, he's not going to sit down every night and do the budget himself, he outsources to his staff, but you've got the house and the senate had the same hurdles he did, whether it's a continuing resolution or sequestration, the same problems and they've now gotten their two budgets in and you think that he would crack the whip on his own staff and say, get this in so we can move forward. >> i have to tell you, greta, when i was the mayor of new york i did my budget. i spent hours, stayed up until, 3, 4, 5 in the morning at times going through the budget because i believed that i understand it as the chief executive. i had to understand the budget because the only way you really can make an impact on government is by understanding the budget. and for this president to be in office for five years, not be able to get a budget done on time, really tells us that he has no interest in our economy, he has no real interest in straightening out our budget problems. i don't know what his prior
deficit. for students in detroit problems with the education system are being magnified by that community's economic troubles. if you look statewide a quarter of michigan children under 17 were living in poverty in 2011. compare that to detroit where the number is more than twice that much. it is 57%, folks. nearly two in three detroit children 5 and under are below the poverty line. msnbc's correspondent joins us live from detroit where she'll cohost a summit on education today and a student town hall tomorrow. those numbers are frightening and daunting. >> they really are startling numbers. i've got my notebook with me because i'm going to school today, chris. it has a lot of people worried and concerned and working to change the dynamics of those numbers. that's what we'll be talking about here. many people are also concerned about the fact, the elephant in the room we can't dismiss that come monday the city of detroit will be under the auspices of an emergency financial manager. people should also know for the past four years detroit schools have been under emergency management and in
what that means. neil: i think it's a deficit. >> no, it's 17 times our debt. pretty close there. neil: i was talking to charlie rangel earlier on this issue, and he more or less tried to make fun of the notion of imujts themselves, whether they are on time or late, regardless, you know, no one really sticks to them, and actually in truth, he's right about that, but he duds make a mockery of the process, not only when you propose budgets late, and other presidents who have done this before. he's developed into an art form, obviously, but when you don't stick to them in the thing, and you blow them away by spending far more than is allocated in them. what do you think of this in >> well, i think submitting a budget's important besides the fact it's required by law because it's the blueprint for where we go forward fiscally, and you have to abide by the law. what congress is doing between the ryan budget and murray budget, we're going nowhere fast, and essentially, the question is is president obama going to put forth a budget, stick his neck out, modernize entitlements? guess what, if n
's plan calls for us getting out of the deficits in ten years. senator paul said, i can do it in five. what do you think of that? >> i think he could and he has put forward plans in the past that show he can. and like i said, going back to the communication factor. he knows how out of control the government is, whether it's sending money to people who are burning our flag or giving money to college students to come up with a menu how we'll eat on mars, and he has an ability to communicate with young people and voters as a whole what is important and what isn't. and we have seen him become a hybrid. he is a republican but has a libertarian base and ising which that republicans have been striving for but hasn't found the right candidate and right now rand paul looks like he is on his way. >> neil: obviously ruffled john mccain's feathers, and john mccain kind of apologized for how far this went. react to this. >> in an interview i said that senator paul and senator cruz were whack obirds. that was anyone appropriate and i apologize to them for saying that because i respect them both a
's deficits were unpatriotic and a fraction of what these are. and 2009 cut the deficit in half he the end of the first term and that was essentially ignored in 2012 when he ran for reelection and failed to do that and mentioned one time in the newscast in one year. and 2012 told msnbc taking care of the deficit being the first order of business, this week, or last week, he said no and you're not going to get a balanced budget for the the sake of balance and sustainable for the next ten years. i think he's clearly moving the goal post, a watch dog press would be all over this, but seem to be ignoring this. you should see the e-mails, our viewers are all over it. rich, thank you. tax the rich not playing well overseas or at home for that matter. listen to this. >> in france, the approval rating of the socialist president hollande has plummeted to a mere 31%. remember, hollande came to office proposing a huge tax on the rich. here, bill maher of all people are turning against high taxes. yes, bill maher. complaining about how high his taxes are, would you know it. the man who gave a million
you need to deal with it budgets and deficits and you need to keep growth going. here is what i saw over the weekend. recession in greece which is a actually a depression if you line it up against the u.s. great depression in 1929 it looks a lot a like in terms of how much unemployment there send a how much the economy was contracted. greece is having our great depression of the late 1920s. >> wow. >>> moving on to washington now. president obama's renewed push for a grand bargain may be showing some early signs of paying off, at least with one top republican. senator bob corker of tennessee says he could envision raising tax revenue if democrats embrace big changes to medicare and social security. he is at odds with other members of his party including house speaker john boehner who is ruling out the prospect of any new taxes. >> i think, by the way, there is a chance on a deal. i know the president is saying the right things and we have an opportunity over the next four to five months. i think republicans, if they saw true entitlement reform would be glad to look at tax reform tha
and also address the problems causing a long-run deficit which are healthcare rapidly growing healthcare costs. we can improve our tax code by closing all the tax loopholes that we have. that's what the president has been focused on since frankly since i started working for him back in 09. >> rose: do you believe, are you hopeful that somehow the capitol, the dinners the lunches that are taking place that there's somehow a change in the dynamic of the conversation? >> i think the president is willing to try whatever will work. i think that it's a pretty high hurdle he's facing. i say that because the president worked awfully hard because of the congressional leadership to reach a grand bargain. we set as a goal as a number of others have to rules the deficit by 4 trillion dollars over the next decade. we made substantial progress. two and-a-half million. we didn't reach a plan then because speaker boehner decided to go to plan b. if we couldn't get to the bargain then i don't know if it's any easier now. it's hard for me to say what has changed from their calculations. but the president
on the economy and creating jobs and building stable middle class than they are on cutting the deficit. yeah, the deficit is an issue. it's not the number one issue. >> why, boehner do that? we don't have an immediate debt crisis. you would see that in the market, right? so boehner is say ing the truth. it is against what he's been saying which is the debt is a problem. why did he do that? >> he said we need to address it over the long term. that means taking steps now. but here's the thing, he is actually opening the possibility that republicans move to more favorable ground because right now the problem is that republicans are emphasizing have been emphasizing root canal economics, only fiscal austerity rather than a more positive agenda. by conceding the point that we don't have an immediate debt crisis, then can you raise some questions. so for example, senator patty murray said let's get rid of the loopholes and deductions. now republicans say, sure, let's do that. instead of sending money to washington, let's make the child tax credit bigger. let's offer middle class tax relief. let's
, will result in 750,000 fewer jobs bn i end of the year. so we say let's tackle the deficit in a smart way, get people back to work and reduce it over a steady period over a period of time and our comes to balance at the same time that the republicans' budget from last year comes into balance. >> on the issue of revenue, i believe your budget has about $200 billion more in revenue than senator murray's budget in the senate. why did you put that in there considering that republicans are so adverse to any new revenue? >> the budget we have in our democratic proposal. if you take it even together with the revenue from the fiscal cliff agreement, is still less total revenue, luke, than was embedded in the bipartisan simpson-bowles agreement. so we have less revenue proposed by that bipartisan group. we couple it with targeted cuts and reforms over a period of time. and if you actually look at the totality of the budget changes we made over the last couple of years, including the $1.5 trillion, we have a higher ratio of cuts to revenue. considering all the revenue than sim spso simpson-bowles did. a
and yet we're still going to have a trillion dollars budget deficit. spending is the problem. >> the white house says in response, yes, it's true. taxes went up more than $600 billion over ten years at the end of the year but it is also true the white house put $1.5 trillion worth of spending cuts in their budget. the truth is you're both right. i mean, they have offered spending cuts. the taxes did go up. it still hasn't made enough of a dent. you still have to sit down and do something. >> right. i think we're doing our budget this year. actually we're doing it this week here in the house. our budget will balance in ten years. we're going to pass our budget. hopefully the senate will pass their budget. except their budget never comes to balance. the president's budget never comes to balance. you can't continue to spend money as far as the eye can see that you don't have. and that's what they're continuing to propose, along with higher taxes on the american people. >> but the political reality is, no budget deal can probably happen, not one that will seriously address the deficit without
in that report because they really don't have an answer. they want to cut taxes and cut the deficit at the same time. those are their two agenda items. you can't do both. they are just trying to ignore it and hope it goes away. >> now, when you look at the reaction, patricia, there's no wonder they are being defeated at the polls and poll after poll shows that americans are not going their way but i think this only further drives the wedge between the american voters because people are offended when it is clear you are not even being honest with them. >> well, yeah. and i think what americans are really want is just an honest discussion of the issues and if people come at an issue and have an honest disagreement and use facts that are accurate, you can have that discussion and debate. but when you come out of a discussion with facts that are not true that "the washington post" says are four pin knock key ohios, you can't even start to talk about things in an honest way and that's why michele bachmann has gotten into so much trouble. she won her last wasn't by a point. she's a huge target for de
that is about. i do know $16.7 trillion debt, growing at the rate of the deficit every year, is a big problem. >> so they see, they say -- i want to stress it is a big problem, but not an immediate crisis, di does that take the urgency off of addressing it? >> no, it does not, what business, what investment and capital is looking for is they are looking for tre deccability -- predictabilitiy and stannability, which they see the movement going on in the debt itself, that offers neither. >> when you and the governors met with the president, a weeks ago, and you talk, i think you were knee deep in the whole sequestration debate. and president's warning that disaster is coming. >> that was the story. neil: and i thought to myself, governor, i mean, holy cow. however onurus the cuts would be, they are in a 3.6 -- budget, if whining about these cuts what are we doing when we have to put pedal to metal. >> i don't know, i can tell you that the governors said for the most part, we can handle this we've been balancing our budgets since '08 when the downturn came. neil: did any of you say, quit scaring
the loopholes, the revenue you get from that to reducing the deficit. but paul ryan wants to do is take that money from closing loopholes and use it to give bigger tax breaks to people at the top. that's not going to fly. >> we have to take a break. james -- i think you're hanging with us, i don't know if the air ca kisses that harold was blowing to you reached up all the way in new orleans. >> i'll take compliments, particularly from a guy from memphis. >> they're coming at you, we'll take a short break, when we come back, hillary clinton joins the evolution revolution on marriage equality as the movement gathers momentum. some republicans are stuck in a state of denial. we'll discuss, just ahead. [ female announcer ] research suggests cell health plays a key role throughout our lives. one a day women's 50+ is a complete multivitamin designed for women's health concerns as we age. it has 7 antioxidants to support cell health. one a day 50+. departure. hertz gold plus rewards also offers ereturn-- our fastest way to return your car. just note your mileage and zap ! you're outta there !
Search Results 0 to 25 of about 26 (some duplicates have been removed)